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Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ANTHONY TERRANOVA2024-07-24
0012022-01-01ANTHONY TERRANOVA2023-07-26
0012021-01-01ANTHONY TERRANOVA2022-07-25
0012020-01-01ANTHONY TERRANOVA2021-06-22

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2025: 2025 401k membership
Total number of particpants at beginning of year2025-08-184
Total number of particpants at end of year2025-08-180
Number of Participants With Account Balances2025-08-180
Total number of particpants at beginning of year2025-07-295
Total number of particpants at end of year2025-07-294
Number of Participants With Account Balances2025-07-294
2024: 2024 401k membership
Total number of particpants at beginning of year2024-07-245
Total number of particpants at end of year2024-07-245
Number of Participants With Account Balances2024-07-245
2022: 2022 401k membership
Total number of particpants at beginning of year2022-07-256
Total number of particpants at end of year2022-07-255
Number of Participants With Account Balances2022-07-255

Financial Data on

Measure Date Value
2025 : 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-18714745
Net assets as of the end of the plan year2025-08-180
Total assets as of the beginning of the plan year2025-08-18698769
Value of plan covered by a fidelity bond2025-08-18385000
Other expenses paid from plan in this plan year2025-08-180
Other income to plan in this plan year2025-08-1815976
Plan net income in this plan year2025-08-18-698769
Net assets as of the end of the plan year2025-08-180
Net assets as of the beginning of the plan year2025-08-18698769
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-18585
Total expenses incurred by plan in this plan year2025-07-2942913
Net assets as of the end of the plan year2025-07-29698769
Total assets as of the beginning of the plan year2025-07-29603084
Value of plan covered by a fidelity bond2025-07-29385000
Participant contributions to plan in this plan year2025-07-2944545
Other income to plan in this plan year2025-07-2982967
Plan net income in this plan year2025-07-2995685
Net assets as of the end of the plan year2025-07-29698769
Net assets as of the beginning of the plan year2025-07-29603084
Employer contributions to plan in this plan year2025-07-2911086
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2965
2024 : 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-240
Net assets as of the end of the plan year2024-07-24603084
Total assets as of the beginning of the plan year2024-07-24433251
Value of plan covered by a fidelity bond2024-07-24385000
Participant contributions to plan in this plan year2024-07-2482894
Other income to plan in this plan year2024-07-2468262
Plan net income in this plan year2024-07-24169833
Net assets as of the end of the plan year2024-07-24603084
Net assets as of the beginning of the plan year2024-07-24433251
Employer contributions to plan in this plan year2024-07-2418677
2022 : 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-253157
Net assets as of the end of the plan year2022-07-25303654
Total assets as of the beginning of the plan year2022-07-25226164
Value of plan covered by a fidelity bond2022-07-25385000
Participant contributions to plan in this plan year2022-07-2541804
Other income to plan in this plan year2022-07-2527765
Plan net income in this plan year2022-07-2577490
Net assets as of the end of the plan year2022-07-25303654
Net assets as of the beginning of the plan year2022-07-25226164
Employer contributions to plan in this plan year2022-07-2511078
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2555

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